Mark Cuban Said To Be Interested In Buying Euroleague Champions Panathinaikos Athens

The world in Greece is that Mark Cuban is interested in buying Euroleague champions Panathinaikos Athens. The club is up for sale and the asking price is said to be between $150 million - $200 million.

Panathinaikos has a yearly budget of $45 million, which is the same as what the new max NBA budgets will be supposedly under the new CBA. Panathinaikos plays in a 19,000+ seat arena.

The word is that if Cuban buys Panathinaikos and there is an NBA lockout, that Dirk Nowitzki would play with Panathinaikos during the NBA lockout.

Re: Mark Cuban Said To Be Interested In Buying Euroleague Champions Panathinaikos Athens

150 - 200 million is too much (I'd say 100 should be it), but generally, I think that basketball has a lot of potential and it would absolutely make sense for an NBA owner to invest there:
- there's still a lot of untapped potential for basketball in Europe. From a business standpoint, there's probably more room for growth than in the NBA
- Euroleage team could be used as an improved D-League team to bring young and promising players up to speed while at the same time being able to generate hype in Europe
- The lockout would be the perfect moment to start it, an NBA owner could at the same time generate hype for the bought club by playing his NBA team there and prepare the NBA team for the rest of the lockout season in the NBA, giving his team a headstart
- Cuban would probably be the right guy to do it.

Cons:
- Greeces economy is faltering, so this might pose serious business problems for the next years

Re: Mark Cuban Said To Be Interested In Buying Euroleague Champions Panathinaikos Athens

Quote:

Originally Posted by Euroleague

The world in Greece is that Mark Cuban is interested in buying Euroleague champions Panathinaikos Athens. The club is up for sale and the asking price is said to be between $150 million - $200 million.

Panathinaikos has a yearly budget of $45 million, which is the same as what the new max NBA budgets will be supposedly under the new CBA. Panathinaikos plays in a 19,000+ seat arena.

The word is that if Cuban buys Panathinaikos and there is an NBA lockout, that Dirk Nowitzki would play with Panathinaikos during the NBA lockout.

The Euroleague is beneath Dirk. If you are going to pull shit out of your ass, at least make it semi realistic.

Re: Mark Cuban Said To Be Interested In Buying Euroleague Champions Panathinaikos Athens

Quote:

Originally Posted by brain drain

150 - 200 million is too much (I'd say 100 should be it), but generally, I think that basketball has a lot of potential and it would absolutely make sense for an NBA owner to invest there:
- there's still a lot of untapped potential for basketball in Europe. From a business standpoint, there's probably more room for growth than in the NBA
- Euroleage team could be used as an improved D-League team to bring young and promising players up to speed while at the same time being able to generate hype in Europe
- The lockout would be the perfect moment to start it, an NBA owner could at the same time generate hype for the bought club by playing his NBA team there and prepare the NBA team for the rest of the lockout season in the NBA, giving his team a headstart
- Cuban would probably be the right guy to do it.

Cons:
- Greeces economy is faltering, so this might pose serious business problems for the next years